Milbank Advises Mandated Lead Arrangers on the €1.3B Acquisition Financing of Constantia Flexibles

Milbank has advised JPMorgan and Unicredit Bank AG as Mandated Lead Arrangers on a €1.3 billion financing supporting Wendel’s acquisition of Constantia Flexibles, an Austrian headquartered international packaging group. One Equity Partners and H. Turnauer Stiftung sold Constantia to Wendel in December 2014, in a deal that valued the firm at €2.3 billion.

Headquartered in Vienna, Constantia Flexibles produces packaging and labelling solutions for the food, pet food, pharmaceuticals, and beverage industries.

The London Leveraged Finance team was led by Partner & Practice Head Suhrud Mehta and included Partner Neil Caddy and Senior Associates, Alex Schofield, Misa Schmiederova, Benjamin Vicentini and Associates Danielle Brown, Partner & Global Head of Leveraged Finance Marc Hanrahan, Senior Associate Todd Koretzky and Joshua Savitz (New York).

Suhrud Mehta remarked, “We are very pleased to have assisted JPMorgan and Unicredit on this “cov-lite TLB” financing, one of several such cross border financings we have closed for European companies. With our clients executing these deals from both London and New York, our integrated top-tier offering across loans and bonds in London and New York is a key component of our service.”

Willkie Farr & Gallagher LLP advised Wendel, with Partner James Crooks leading on the financing.

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